Market to open with a positive note as SGX Nifty is trading up 13 points.
Indian equity markets ended the session with modest gains. The last hour of trade, however, dragged equity benchmarks to erase gains due to profit booking but still managed to end at fresh record closing highs.
If Nifty manages to trade above 9775 level for the whole day, we can see this rally to continue on higher side ahead.
🎯 News & Impact 🎯
🎯 Result Today : Bajaj Corp.
🎯 Liquor stocks :
Liquor stocks will be in focus on Wednesday after the Supreme Court clarified that the ban on sale of alcohol within 500 m of any state or national highway will not cover roads within city limits if these lose the highway tag post denotification.
Positive for the sector.
🎯 Reliance :
The government today gave green signal to Reliance Industries for expansion of its petrochemical complex in Gujarat, entailing investment of Rs 2,100 crore.
🎯 Tata Steel :
Tata Steel UK has signed a definitive sale agreement to sell two of its pipe mills in Hartlepool to Liberty House Group.
🎯 Bodal Chemicals :
Ashish Kacholia, known for his multi-bagger mid- and small-cap picks, has bought 12 lakh shares or 1.09% stake in Bodal Chemicals at Rs 165 per share on Tuesday,bulk deal data on the BSE showed. Bengal Finance and Investment also bought 7.25 lakh shares of Bodal Chemicals at Rs 166.69 per share.
🎯 ICICI Bank :
As per a media report, ICICI Bank and Prem Watsa’s Fairfax Financial Holdings may together dilute a stake of at least 20 per cent in the initial public offering IPO of ICICI Lombard General Insurance Company.
🎯 Tata Global Beverages :
According to a media report Tata Global Beverages (TGBL) has decided to sell its stake in various Tata group listed companies to its parent, Tata Sons, in the next few months.
🎯 Britannia, ITC :
The Supreme Court has asked Britannia and ITC to settle their dispute regarding the alleged deceptive packaging of their digestive biscuits out of court.
🎯 Vista Pharma :
US FDA issues warning letter to Vista Pharmas Telangana unit.
US FDA issues 2 observations for Telangana unit, inspected from September 19-23, 2016.
🎯 HMT :
HMT to close 3 subsidiaries and dispose of their assets.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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